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2285 Axel Dreher and Stefan Voigt, Does Membership in International Organizations Increase Governments’ Credibility? Testing the Effects of Delegating Powers, April 2008

2286 Xavier Freixas and Bruno M. Parigi, Lender of Last Resort and Bank Closure Policy, April 2008

2287 Regina Dionisius, Samuel Muehlemann, Harald Pfeifer, Günter Walden, Felix Wenzelmann and Stefan C. Wolter, Cost and Benefit of Apprenticeship Training – A Comparison of Germany and Switzerland, April 2008

2288 Francesco Daveri and Cecilia Jona-Lasinio, Off-Shoring and Productivity Growth in the Italian Manufacturing Industries, April 2008

2289 Mikael Priks, Do Surveillance Cameras Affect Unruly Behavior? A Close Look at Grandstands, April 2008

2290 Marianna Belloc and Daniela Federici, A Two-Country NATREX Model for the Euro/Dollar, April 2008

2291 Nicolas Treich, The Value of a Statistical Life under Ambiguity Aversion, April 2008 2292 J. Atsu Amegashie, Socially-Tolerable Discrimination, April 2008

2293 M. Hashem Pesaran and Andreas Pick, Forecasting Random Walks Under Drift Instability, April 2008

2294 Steven Brakman, Gus Garita, Harry Garretsen and Charles van Marrewijk, Unlocking the Value of Cross-Border Mergers and Acquisitions, May 2008

2295 Eric O’N. Fisher and Kathryn G. Marshall, The Structure of the American Economy, May 2008

2296 Claudia M. Buch and Martin Schlotter, Regional Origins of Employment Volatility:

Evidence from German States, May 2008

2297 Helmuth Cremer, Philippe De Donder, Dario Maldonado and Pierre Pestieau, Taxing Sin Goods and Subsidizing Health Care, May 2008

2298 Reinhilde Veugelers and Frederick van der Ploeg, Reforming European Universities:

Scope for an Evidence-Based Process, May 2008

2299 Jon H. Fiva and Lars J. Kirkebøen, Does the Housing Market React to New Information

2300 Tina Klautke and Alfons J. Weichenrieder, Interest Income Tax Evasion, the EU Savings Directive, and Capital Market Effects, May 2008

2301 Harald Badinger and Peter Egger, GM Estimation of Higher Order Spatial Autoregressive Processes in Panel Data Error Component Models, May 2008

2302 Jan K. Brueckner, Slot-Based Approaches to Airport Congestion Management, May 2008

2303 Sören Blomquist, Vidar Christiansen and Luca Micheletto, Public Provision of Private Goods and Nondistortionary Marginal Tax Rates, May 2008

2304 Dan Anderberg and Alessandro Balestrino, The Political Economy of Post-Compulsory Education Policy with Endogenous Credit Constraints, May 2008

2305 Tomer Blumkin, Yoram Margalioth and Efraim Sadka, The Role of Stigma in the Design of Welfare Programs, May 2008

2306 Vesa Kanniainen and Paolo M. Panteghini, Tax Neutrality: Illusion or Reality? The Case of Entrepreneurship, May 2008

2307 Thomas Dohmen, Armin Falk, David Huffman and Uwe Sunde, The Intergenerational Transmission of Risk and Trust Attitudes, May 2008

2308 Guglielmo Maria Caporale and Mario Cerrato, Using Chebyshev Polynomials to Approximate Partial Differential Equations, May 2008

2309 Peter Egger and Doina Maria Radulescu, Labour Taxation and Foreign Direct Investment, May 2008

2310 Laurent Linnemer, Dissipative Advertising Signals Quality even without Repeat Purchases, May 2008

2311 Jordi Jofre-Monseny and Albert Solé-Ollé, Which Communities should be afraid of Mobility? The Effects of Agglomeration Economies on the Sensitivity of Firm Location to Local Taxes, May 2008

2312 Andreas Haufler and Ferdinand Mittermaier, Unionisation Triggers Tax Incentives to Attract Foreign Direct Investment, May 2008

2313 Ronel Elul and Piero Gottardi, Bankruptcy: Is it enough to Forgive or must we also Forget?, May 2008

2314 Andreas Irmen and Johanna Kuehnel, Productive Government Expenditure and Economic Growth, May 2008

2315 Beate Henschel, Carsten Pohl and Marcel Thum, Demographic Change and Regional Labour Markets: The Case of Eastern Germany, May 2008

2316 Gabriel Felbermayr, Wido Geis and Wilhelm Kohler, Restrictive Immigration Policy in Germany: Pains and Gains Foregone?, May 2008

2317 Michael Hofmann, Gerhard Kempkes and Helmut Seitz, Demographic Change and Public Sector Budgets in a Federal System, May 2008

2318 Paul De Grauwe, Macroeconomic Modeling when Agents are Imperfectly Informed, June 2008

2319 Johann K. Brunner and Susanne Pech, Optimum Taxation of Inheritances, June 2008 2320 Thomas Eichner and Marco Runkel, Corporate Income Taxation of Multinationals in a

General Equilibrium Model, June 2008

2321 Rainald Borck and Matthias Wrede, Subsidies for Intracity and Intercity Commuting, June 2008

2322 Patricia Apps and Ray Rees, Testing the Pareto Efficiency of Household Resource Allocations, June 2008

2323 Amihai Glazer, Vesa Kanniainen and Panu Poutvaara, Firms’ Ethics, Consumer Boycotts, and Signalling, June 2008

2324 Claudia M. Buch, Jörg Döpke and Kerstin Stahn, Great Moderation at the Firm Level?

Unconditional vs. Conditional Output Volatility, June 2008

2325 Helmuth Cremer, Philippe De Donder, Dario Maldonado and Pierre Pestieau, Forced Saving, Redistribution and Nonlinear Social Security Schemes, June 2008

2326 M. Hashem Pesaran and Paolo Zaffaroni, Optimal Asset Allocation with Factor Models for Large Portfolios, June 2008

2327 Harald Badinger and Peter Egger, Horizontal versus Vertical Interdependence in Multinational Activity, June 2008

2328 Jan K. Brueckner and Harris Selod, A Theory of Urban Squatting and Land-Tenure Formalization in Developing Countries, June 2008

2329 Paolo M. Panteghini, Corporate Debt, Hybrid Securities and the Effective Tax Rate, June 2008

2330 Guglielmo Maria Caporale, Juncal Cuñado and Luis A. Gil-Alana, Modelling Long-Run Trends and Cycles in Financial Time Series Data, June 2008

2331 Avi Ben-Bassat and Momi Dahan, Social Identity and Voter Turnout, June 2008

2332 Martin R. West and Ludger Wößmann, “Every Catholic Child in a Catholic School”:

Historical Resistance to State Schooling, Contemporary Private Competition, and

2333 Erkki Koskela and Panu Poutvaara, Outsourcing and Labor Taxation in Dual Labor Markets, June 2008

2334 Philippe Choné and Laurent Linnemer, Optimal Litigation Strategies with Signaling and Screening, June 2008

2335 Albert Solé-Ollé and Pilar Sorribas-Navarro, Does Partisan Alignment Affect the Electoral Reward of Intergovernmental Transfers?, June 2008

2336 Antonio Cabrales and Piero Gottardi, Markets for Information: Of Inefficient Firewalls and Efficient Monopolies, June 2008

2337 Sumon Majumdar and Sharun W. Mukand, The Leader as Catalyst – on Leadership and the Mechanics of Institutional Change, June 2008

2338 Ulrich Hange, Tax Competition, Elastic Labor Supply, and Growth, June 2008

2339 Guy Laroque and Bernard Salanié, Does Fertility Respond to Financial Incentives?, June 2008

2340 Adriano Paggiaro, Enrico Rettore and Ugo Trivellato, The Effect of Extending the Duration of Eligibility in an Italian Labour Market Programme for Dismissed Workers, June 2008

2341 Helmut Seitz, Minimum Standards, Fixed Costs and Taxing Autonomy of Subnational Governments, June 2008

2342 Robert S. Chirinko, Leo de Haan and Elmer Sterken, Asset Price Shocks, Real Expenditures, and Financial Structure: A Multi-Country Analysis, July 2008

2343 Wolfgang Leininger, Evolutionarily Stable Preferences in Contests, July 2008 2344 Hartmut Egger and Udo Kreickemeier, Fairness, Trade, and Inequality, July 2008

2345 Ngo Van Long and Bodhisattva Sengupta, Yardstick Competition, Corruption, and Electoral Incentives, July 2008

2346 Florian Baumann, Employment Protection: The Case of Limited Enforceability, July 2008

2347 Alessandro Balestrino, Cinzia Ciardi and Claudio Mammini, On the Causes and Consequences of Divorce, July 2008

2348 Dirk Schindler and Benjamin Weigert, Insuring Educational Risk: Opportunities versus Income, July 2008